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Soy Food Market in the US 2017-2021

Soy Food Market in the US 2017-2021

About Soy Food

Soy food is a great a source of amino acids, essential fatty acids (omega 3 and omega 6), fibers, and proteins. Soy is the most optimal alternative for dairy and meat and is a suitable food choice for the vegan population segment. Soy is characterized by cholesterol-reducing properties and cancer-prevention properties. It aids in alleviating pregnancy complications. Consumers in the US market have been increasingly demanding soy-based food products like edamame, miso, soy yogurt, and soy oil owing to the health benefits that are attributed to it. In the US, soy yogurt is consumed as an on-the-go snack that is considered to be highly nutritious and convenient.

Technavio’s analysts forecast the soy food market in the US to grow at a CAGR of 2.84% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the soy food market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of soy or soybean foods in different product forms like whole soy foods, soy oil, and other soy foods across the US through various distribution channels.Technavio's report, Soy Foods Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Archer Daniels Midland
  • Cargill
  • Hain Celestial
  • WHITEWAVE FOODS
Other prominent vendors
  • Blue Diamond Growers
  • Dean Foods
  • DuPont
  • Eden Foods
  • Northern Soy
  • PACIFIC FOODS OF OREGON
  • SunOpta
Market driver
  • Rising levels of lactose intolerance and dairy allergies
  • For a full, detailed list, view our report
Market challenge
  • Common allergies associated with consumption of soy products
  • For a full, detailed list, view our report
Market trend
  • Growing demand for organic variants of soy products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Soy Foods Market in the US 2017-2021

Technavio recognizes the following companies as the key players in the soy food market in the US: Archer Daniels Midland, Cargill, Hain Celestial, and WHITEWAVE FOODS

Other Prominent Vendors in the market are: Blue Diamond Growers, Dean Foods, DuPont, Eden Foods, Northern Soy, PACIFIC FOODS OF OREGON, and SunOpta.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for organic variants of soy products. Organic products are priced higher than their counterparts. The premium pricing of organic products is due to the high production and distribution costs associated with their production. Moreover, consumers are wiling to invest more in organic products. The extra premium cost associated with organic production is passed on throughout the supply chain, and this impacts the product price that the end-consumer bears.”

According to the report, one of the major drivers for this market is Rising levels of lactose intolerance and dairy allergies. Lactose intolerance is caused due to the inability of the body to digest lactose, which is found in milk. The Asian population is more prone to lactose intolerance compared to others. The demand for lactose-free food products is driven by aspects like increased incidences of food allergies and intolerances. For instance, in the US, cases of food allergies are projected to have increased by 18% in the last decade. Around 30-50 million US consumers are lactose-intolerant, which include about 75% of African Americans and American Indians, and 90% of Asian Americans. Many consumers in the US are opting for non-dairy products and animal proteins owing to the high prevalence of lactose intolerance in the country.

Further, the report states that one of the major factors hindering the growth of this market is Common allergies associated with consumption of soy products. Soybean allergies are common among infants and children, and studies have shown that allergies are more common in the population group that is above 10 years of age. Allergy symptoms associated with the consumption of soy may be mild or severe. The symptoms include swelling of the throat or anaphylaxis, rashes, mouth itches, nausea, vomiting or diarrhea, stuffy or a runny nose, and asthma. Many infant formulas have soy as an ingredient.

Companies Mentioned

Archer Daniels Midland, Cargill, Hain Celestial, WHITEWAVE FOODS, Blue Diamond Growers, Dean Foods, DuPont, Eden Foods, Northern Soy, PACIFIC FOODS OF OREGON, and SunOpta.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Soy food product manufacturing: Value chain
  • Country profile
    • Key economic indicators in the US
      • Table Urban population in the US 2010-2015 (millions)
      • Table GDP per capita, Purchasing Power Parity (PPP) of US at constant 2011 international prices 2010-2015 ($)
      • Table Real median household income in the US 2010-2015 ($)
      • Table Inflation rate measured by consumer price index in the US 2010-2015 (%)
  • Market landscape
    • Market overview
      • Table Overview of soy foods market in the US
    • Segmentation of soy foods by product type in the US
      • Table Segmentation by product type in the US soy foods market
    • Segmentation of soy foods market by distribution channel in the US
    • Soy foods market in the US
      • Table Soy food market in the US 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Soy foods market in the US by product
      • Table Soy foods market in the US by product (% share of revenue)
    • Whole soy foods market in the US
      • Table Whole soy foods market in the US 2016-2021 ($ billions)
    • Soy oil market in the US
      • Table Soy oil market in the US 2016-2021 ($ billions)
    • Other soy foods market in the US
      • Table Other soy foods market in the US 2016-2021 ($ billions)
  • Market segmentation by distribution channel
    • Soy foods market in the US by distribution channel
      • Table Soy foods market in the US by distribution channel 2016 (% share of revenue)
      • Table Number of convenience stores in the US 2010-2015
      • Table Internet users in the US 2011-2015 (millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major factors that lead to the adoption of a vegan diet: US (2016)
    • Market challenges
      • Table Almond milk market in US 2015-2020 ($ billions)
  • Market trends
    • Growing demand for organic variants of soy products
    • Growing focus on sustainability
    • Continuous R&D and product development
  • Competitive analysis
    • Competitive scenario
    • Competitive positioning assessment
      • Table Competitive positioning matrix for soy food market in the US 2016
    • Market position based on product portfolio and brand presence for key market players
      • Table Market positioning based on product portfolio and brand presence for key market players in 2016
    • Archer Daniels Midland
      • Table Archer Daniels Midland: Product portfolio
    • Cargill
      • Table Cargill: Product portfolio
    • Hain Celestial
      • Table Hain Celestial: Product portfolio
    • WHITEWAVE FOODS
      • Table WHITEWAVE FOODS: Product portfolio
    • Other prominent market players
  • Appendix
    • List of abbreviations
  • Explore Technavio

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